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CEOs of top tech firms hail tax norms for digital economy in Budget 2021

The chief executive officers of some of the top Indian startups and tech companies have welcomed the tax breaks and incentives in Finance Minister Nirmala Sitharaman’s Budget presented on Monday.
They said coming in the wake of the Covid-19 pandemic, the Union Budget looks to strengthen many of the important pillars for economic recovery and future growth.
Kalyan Krishnamurthy, CEO at e-commerce company Flipkart Group said there is a clear focus on attracting greater investments into infrastructure, boosting domestic output and creating jobs. He said it is focused on accelerating the adoption of digital technologies, and giving a much-needed boost to MSMEs (micro, small and medium enterprises) and startups. ....

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SBI Life and Apollo join the race for RCap assets

SBI Life and Apollo join the race for RCap assets
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'Reliance Capital's EOI for asset monetisation receives 60 bids'

Reliance Capital s (RCAP) expression of interest (EOI) for asset monetisation garnered mega response with 60 bids being received.
December 1 was the deadline for the submission of EOIs. Over 60 different bids have been received with SBI Capital Markets Limited and JM Financial Services Limited, the advisors to the lenders.
Over eight bidders have bid for entire RCAP assets on as-is-where-is basis. The prominent among them are Oaktree, J.C. Flower and multiple ARCs.
For Reliance General Insurance, which is owned 100 per cent by RCAP, there are 18 bidders and prominent among them are, Chryscap, J.C. Flower, Blackstone, KKR, CVC Capital Partners, and Bain Capital. ....

India Ltd , Jm Financial Services , Indian Potash , International Asset Reconstruction Company , Committee Of Debenture Holders , Reliance Asset Reconstruction , Central Warehousing Corporation , Indiabulls Housing Finance , Insurance Company , Capital Markets , Reliance Nippon Life Insurance Company Limited , Reliance Health Insurance , Insurance Company Limited , Reliance Securities , Paytm Private , Indian Commodity Exchange , Bandhan Bank , Reliance Financial , Naffa Innovations Private , Reliance Health , Bajaj Holdings , Reliance Capital , Markets Limited , Services Limited , Reliance General Insurance , Reliance Nippon Life Insurance ,

SBI Life and Apollo join the race for RCap assets (Ld)

SBI Life and Apollo join the race for RCap assets (Ld)
By
IANS
|
Published on
Tue, Dec 22 2020 17:18 IST
|
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SBI Life and Apollo join the race for RCap assets. Image Source: IANS News
New Delhi, Dec 22 : Reliance Capital s (RCAP) expression of interest (EOI) for asset monetisation garnered mega response with 70 bids being received. SBI Life and Apollo are among the 10 new bidders who have submitted expressions of interest for Reliance Capital s assets, taking the total number of bids to 70.
December 1 was earlier the deadline for the submission of EOIs. Over 60 different bids have been received with SBI Capital Markets Limited and JM Financial Services Limited, the advisors to the lenders. Later the date for submitting the bids was extended to December 17. ....

New Delhi , India Ltd , Jm Financial Services , Indian Potash , International Asset Reconstruction Company , Committee Of Debenture Holders , Reliance Asset Reconstruction , Central Warehousing Corporation , Indiabulls Housing Finance , Insurance Company , Capital Markets , Reliance Nippon Life Insurance Company Limited , Reliance Health Insurance , Insurance Company Limited , Reliance Securities , Paytm Private , Indian Commodity Exchange , Bandhan Bank , Reliance Financial , Naffa Innovations Private , Reliance Health , Bajaj Holdings , Reliance Capital , Markets Limited , Services Limited , Reliance General Insurance ,